Apache snares Burrup share

APACHE Energy has paid the ANZ Bank $US439 million for a 49% stake in Burrup Holdings Ltd, the owner of an ammonia fertiliser plant in the Burrup region of Western Australia.

Apache snares Burrup share Apache snares Burrup share Apache snares Burrup share Apache snares Burrup share Apache snares Burrup share

ANZ had taken control of the 65% stake in Burrup Holdings held by embattled fertiliser tycoon Pankaj Oswal.

Norwegian fertiliser specialist Yara International had held the remaining 35% stake.

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